Only if you refinance, which means going thru the qualification process again.

The qualifications seem to indicate you need equity in another property or your own home - so I think it might be secured by that  - see below "Property ownership with ample equity."  

The idea behind the program is to put qualifed buyers into homes in low income areas that need revitalization- so they are trying to build up the neighborhood.

Sorry you didn’t meet my qualifications so I’m looking elsewhere you sir are the weakest link .. goodbye

It might be good if you simply distance yourself from that processor in your office giving the impression of a highly confidential qualification process that is not "shared" by those on the sales side or other team players I might deal with, you'll find this somewhat in a Trust Bank where minimum verifications are necessary.

It is very possible to pay more in fees yet have a lower APR.I suggest you never pay a broker fee up front, you do need to pay certain third party fees up front, like appraisal, credit reports in residential and those along with engineering or inspection fees in commercial, but fees should be collected and disbursed as need over the course of the loan process as you step through the qualification phases. :)

Will you tend to be super picky with tenants, or be willing to take the first gamble that meets your qualifications (since they are all truly gambles anyway)?

But my qualifications as a candidate was apparent to me.  

They can tell you what products they have and even give you estimated interest rates and terms such as down payment qualifications WITHOUT you filling out an application or having your credit ran.Lastly, now that you have had your credit ran, you have the right to request a copy of your credit report from the bank you did that with.

Lots of variables- time, equity, your qualification (DTI, etc)